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In this video tutorial, the speaker discusses the key elements that should be included in a services business contract. They provide a one-page contract template and recommend using tools like Signaturely for quickly getting legally binding contracts signed. The speaker emphasizes the importance of having a solid contract in place to protect both parties. Viewers are encouraged to like, subscribe, and leave a comment for more content. They can also access the free contract template and Signaturely tool by clicking the links provided.